All Hymans Robertson articles – Page 5
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NewsImperial Tobacco agrees £1.8bn deal, charity completes full buy-in
Risk watch: A roundup up of the latest derisking transactions, including the Imperial Tobacco Pension Fund’s £1.8bn deal with Standard Life, and the Royal National Mission to Deep Sea Fishermen Retirement Benefit Scheme’s full buy-in with Legal & General.
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NewsICAEW’s pension scheme completes £50m buy-in
On the go: The £206.4m Institute of Chartered Accountants Staff Pensions Fund has completed a £50m buy-in transaction with Canada Life.
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NewsHow will the new pension transfer restrictions work?
The new pension transfer rules coming into force on November 30 will bring added duties for pension scheme trustees, and will not be a panacea to prevent scams, specialists warn.
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NewsPoor understanding of ‘company beliefs’ may hamper endgame plans
On the go: Defined benefit scheme endgame plans are threatened by a lack of understanding about “company beliefs”, according to Hymans Robertson, warning that trustees must ensure such beliefs are aligned with strategic pensions choices.
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NewsBudget 2021: Missed opportunity to tackle pensions ‘ticking time-bomb’
Following a Budget speech light on pensions policy announcements, the industry has been weighing in on what has been revealed, including a consultation on the charge cap and a new tax relief for low earners in net pay schemes, while others say that the chancellor has not done enough to address industry concerns.
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FeaturesCOP26: Collaboration is key to achieve net-zero targets
In the build-up to COP26, there has been growing emphasis on the need for collaboration to ensure swifter progress in meeting global net-zero targets, with the pensions industry also being called to prioritise co-operation.
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NewsPublic sector pensions cost £57bn more than declared, report finds
The government is misleading parliament and the public over the cost to the taxpayer of public sector pensions, a report from the Institute of Economic Affairs has claimed, while raising further questions around the visibility of these pension schemes.
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NewsFCA pushes ahead with new illiquids fund for DC schemes
Pension funds will have access to a Long-Term Asset Fund regime following changes made by the Financial Conduct Authority, with special flexibility afforded to defined contribution schemes to invest in illiquid assets.
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NewsSEI acquires Atlas Master Trust
On the go: Wealth management company SEI has announced the acquisition of Capita’s defined contribution master trust Atlas, subject to regulatory approval.
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NewsShould regulators take the lead on ESG in pensions?
The extent to which financial regulators should get involved in setting environmental, social and governance requirements is a hot topic, with some experts arguing that involvement could stifle innovation.
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NewsSelecta UK scheme agrees £250m full buy-in with Legal & General
On the go: The Selecta UK Pension Plan has completed a £250m full buy-in with Legal & General Assurance.
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NewsLower DB costs by going bespoke, companies told
On the go: Companies can lower the cash costs of their defined benefit schemes by up to 30 per cent if they implement an effective endgame strategy, instead of heading down the Pensions Regulator’s fast-track route, according to Hymans Robertson.
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NewsBuy-in and buyout volumes to reach more than £8bn
On the go: Total pension scheme buy-in and buyout volumes over the first half of 2021 are expected to reach over £8bn, according to new analysis by Hymans Robertson.
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NewsNorfolk County Council fund extends passive management
On the go: Norfolk County Council has extended the duration of its passive investment management services framework and transition management and implementation services framework for an additional year as a result of the Covid-19 pandemic, according to notices on the Official Journal of the EU.
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NewsHymans Robertson joins impact investing community
On the go: Hymans Robertson has announced that it has joined the impact investing community, Pensions for Purpose.
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NewsBritish American Tobacco secures second buy-in with PIC
On the go: The £4.2bn British American Tobacco UK Pension Fund, has signed an additional buy-in deal with Pension Insurance Corporation, insuring approximately £400m of pensioner liabilities.
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NewsDC consolidation ‘too far, too soon’ but is an inevitability, experts say
On the go: The Department of Work and Pensions' proposals on consolidation within the defined contribution market go “too far, too soon”, and risk eroding the involvement of employers in their workforce’s retirement outcomes, experts have warned.
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NewsKingfisher completes £900m buy in; Londis scheme winds up
Risk watch: A roundup of the latest derisking transactions, including the Kingfisher scheme’s £900m buy-in with Aviva and the Londis scheme winding up after a bulk annuity transaction.
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NewsDigital imaging scheme completes £230m buy-in
On the go: The Agfa UK Group Pension Plan has completed a £230m annuity buy-in transaction with Phoenix Group, covering 70 per cent of its pensioner liabilities.
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NewsReach Pension Plan joins new climate action group
On the go: The Reach Pension Plan has joined new action group Climate Impact Initiative, which aims to encourage pension providers to make climate-friendly impact investment options available for all savers regardless of plan size.